https://www.taxtmi.com/caselaws?id=781192 SC dismissed the special leave petitions and declined to interfere with the HC's judgment, which had held that reopening assessment under s.147 beyond four years was not justified. The Court found the reasons recorded-based on a holding company's submissions to the Settlement Commission and an alleged accommodation entry affecting WDV-to be insufficient to form a belief that income had escaped assessment, noting the claimed depreciation bore no nexus to the WDV in the books and thus could not support jurisdiction to reopen. en-us Mon, 10 Nov 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781192 SC dismissed the special leave petitions and declined to interfere with the HC's judgment, which had held that reopening assessment under s.147 beyond four years was not justified. The Court found the reasons recorded-based on a holding company's submissions to the Settlement Commission and an alleged accommodation entry affecting WDV-to be insufficient to form a belief that income had escaped assessment, noting the claimed depreciation bore no nexus to the WDV in the books and thus could not support jurisdiction to reopen. Case-Laws Income Tax Mon, 10 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781192